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Question 8 (c) Consider a piece of property, plant, and equipment that costs $25,000, with an estimated useful life of 8 years and a $2,500
Question 8
(c) Consider a piece of property, plant, and equipment that costs $25,000, with an estimated useful life of 8 years and a $2,500 salvage value. Estimate the annual depreciation using the double-declining balance method.
(d) Consider a piece of equipment that costs $25,000 and has an estimated useful life of 8 years and a $0 salvage value. Estimate the annual depreciation using the sum-of-the-years-digits method.
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